America's Urgent Need for Infrastructure Investment
TL/DR - The US faces a silent crisis in the form of a deteriorating infrastructure, with a projected funding gap of $2.6 trillion in 2023 and potential $10 trillion loss by 2039 if infrastructure is not prioritized. In response, the government has approved the Bipartisan Infrastructure Law and the Build Back Better Framework, set to […]
Hochul Announces $49M for NY Water Infrastructure Upgrades
TL/DR - Over $49 million has been approved by the Environmental Facilities Corporation Board of Directors for water infrastructure improvement projects across New York State. This includes over $20 million from the Federal Bipartisan Infrastructure Law, with a $13 million grant specifically for the Buffalo Sewer Authority to modernize the treatment system at the Bird […]
Surety Bonds Boom With $550B Infrastructure Act
TL/DR - The $550 billion infrastructure package, a key part of Biden's administration, has led to a 15.7% growth in the surety bond market in 2022, according to the Surety & Fidelity Association of America. Surety bonds, which act as financial safeguards against non-performance, default, or breaches of contract in construction and public projects, are […]
AFL-CIO Pres. Shuler Criticizes GOP’s ‘Fiscal Commission’ Plan
TL/DR - AFL-CIO President, Liz Shuler, criticized a Republican-led proposal to create a "fiscal commission" aimed at economizing on programs like Social Security and Medicare. Shuler argued that such a move would push older Americans into poverty, affect healthcare availability, and potentially harm federal worker compensation. She further claimed that the commission is a power […]
Workers Approve First Contract at Recology
TL/DR - Members of Teamsters Local 150 have successfully ratified their first collective bargaining agreement with Recology, marking a victory after a nearly two-year campaign. The four-year contract, which covers customer service representatives, includes an immediate 14% wage boost, a 38% cumulative wage increase, enhanced retirement benefits, and improved seniority rights. Throughout the negotiation process, […]
Connor, Clark & Lunn to boost renewable energy with Alberta wind farm investment
TL/DR - Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) has agreed to acquire an 80% stake in the Sharp Hills wind farm from EDP Renewables Canada for about C$0.6 billion ($474 million), boosting its wind generation assets to more than 600 MW. The Sharp Hills facility, one of Canada's largest onshore wind farms with around […]
14.8 Million New Jobs Created in US Since 2021
The Facts - US Wage Growth -- Highest Rate in this Century Unemployment Under 4% for last 2 Years - A 50-Year Record! Fastest Wage Growth In Low Wage, Traditionally Disadvantaged Groups. American Workers See Fastest Wage Growth in Decades American workers saw the fastest wage growth in decades between 2019 and 2023, with lower-income […]
CA Teamsters, Officials Revive Bill for AV Human Operators
TL/DR - The Teamsters, a prominent American labor union, along with California lawmakers and other labor allies, have introduced legislation, Assembly Bill 2286 (AB 2286), requiring a trained human operator behind the wheel of self-driving trucks weighing more than 10,000 lbs. The bill was earlier introduced in 2023 and received a high level of support […]
Beacon Hospital to be Acquired by Macquarie Asset Management
TL/DR - Macquarie Asset Management is set to acquire Beacon Hospital in Dublin through its Macquarie European Infrastructure Fund 7. The hospital, which serves over 200,000 patients annually, has experienced significant growth in the past decade due to major investment by the current shareholders. After the completion of the acquisition, expected by the end of […]
Capital Budget Politicization Jeopardizes Infrastructure and Economy
TL/DR - Capital budgets, once managed by technical experts, are becoming increasingly politicized, which is leading to significant consequences, especially for infrastructure investment. As operating budgets become inflexible due to fixed costs such as retiree pensions, politicians are often driven to use capital budgets to fund healthcare and education initiatives. This politization and short-term focus […]
